Houlihan Lokey Continues Expansion of Private Funds Advisory Capabilities With Senior Hires for U.S. Primary Practice
04 Avril 2024 - 4:00PM
Business Wire
Team of Four Managing Directors, Led by Industry Veteran Tom
Donovan, Join From Greenhill & Co. to Drive U.S. Primary
Practice
Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank,
today announced an additional expansion of its Private Funds Group
(PFG) with the appointment of a team of four managing directors
from Greenhill & Co. to significantly strengthen its U.S.
Primary practice. The additions establish Houlihan Lokey as one of
the only investment banks in the industry with a single integrated
team focused on primary capital raising, secondary capital
advisory, direct equity fundraising, and GP stakes advisory.
These hires follow the announcement in December 2023 of the
acquisition of Triago Management Development in a major expansion
of Houlihan Lokey’s Private Funds Group, led by Global Co-Heads
Andy Lund and Cristina Forcina Westermann.
With more than 20 years’ experience in raising private capital,
Tom Donovan has joined the firm as a Managing Director and Head of
U.S. Primary, based in Chicago. At Greenhill & Co., he built
and led the Primary Private Capital Advisory business, having
joined the firm in 2021 from Mercury Capital Advisors, where he was
Head of North America. Mr. Donovan formerly held a senior role in
the private capital advisory team at Lazard and started his career
and spent eight years with Credit Suisse in New York and
Chicago.
Ryan Carey and Sean Joffe have joined as Managing Directors and
Co-Heads of U.S. Primary Distribution, based in New York, having
worked previously together at Greenhill helping to lead the U.S.
distribution effort. Mr. Carey has worked for the past 19 years in
capital raising and distribution roles at Jefferies, Sixpoint
Partners, HSBC, and Merrill Lynch. Prior to joining Houlihan Lokey,
Mr. Joffe was a Managing Director at both Greenhill and Sixpoint
Partners and worked in senior distribution roles focused on
institutional capital raising. Mr. Joffe began his career in the
Financial Sponsors Group at Credit Suisse.
Paul Tam has joined as a Managing Director to lead U.S. Primary
distribution on the West Coast, based in San Francisco after three
years at Greenhill with a similar role. Prior to this, Mr. Tam was
a Partner at Mercury Capital Advisors, where he focused on
institutional capital raising in the western region of the U.S. and
Canada. During his 30-year career, he has also held senior roles at
Brookfield Asset Management, J.P. Morgan, and UBS, having started
his banking career with Morgan Stanley.
“Bringing on board such experienced and well-respected industry
professionals to head our U.S. Primary practice will be of
tremendous benefit for our team and, most importantly, our clients.
With these hires, we have realized our goal of establishing a truly
integrated set of advisory services across the alternative capital
universe, from primary to directs and secondaries and GP private
equity advisory. This unified team, alongside our leading Capital
Markets and Financial Sponsors groups, now offers our clients an
unmatched suite of solutions for our private capital clients,”
commented Andy Lund, Global Co-Head of Houlihan Lokey’s PFG.
Tom Donovan commented: “This is an exciting time to be joining
the firm and to be part of the scaling of Houlihan Lokey’s Private
Funds Group. With the recent acquisition, the firm has shown its
clear commitment to being the leader in private capital advisory.
Allied to its global presence, deep sector expertise, senior team,
and a truly dynamic culture, we see Houlihan Lokey as ideally
placed to deliver outstanding outcomes for all of our clients.”
“We are delighted to welcome our four new managing directors to
the firm, all of whom share our ambition to be the leading private
capital advisor by not only providing the highest-quality advice
but also pursuing a fiercely client-centric approach through close
collaboration across all of the Houlihan Lokey businesses, which is
the trademark of our culture,” commented Scott Adelson,
Co-President and Global Co-Head of Corporate Finance at Houlihan
Lokey.
As a result of the recently announced acquisition and these
appointments, Houlihan Lokey’s Private Funds Group will be one of
the few truly fully integrated advisory platforms that can offer
clients primary, secondary, direct, and GP advisory services on a
global basis. The global PFG team now comprises more than 70
financial professionals with senior officers in London, New York,
Paris, Chicago, Los Angeles, San Francisco, Frankfurt, and
Dubai.
About Houlihan Lokey
Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with
expertise in mergers and acquisitions, capital markets, financial
restructuring, and financial and valuation advisory. Houlihan Lokey
serves corporations, institutions, and governments worldwide with
offices in the Americas, Europe, the Middle East, and the
Asia-Pacific region. Independent advice and intellectual rigor are
hallmarks of the firm’s commitment to client success across its
advisory services. The firm is the No. 1 investment bank for all
global M&A transactions, the No. 1 M&A advisor for the past
nine consecutive years in the U.S., the No. 1 global restructuring
advisor for the past ten consecutive years, and the No. 1 global
M&A fairness opinion advisor over the past 25 years, all based
on number of transactions and according to data provided by LSEG
(formerly Refinitiv).
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